Adero Partners LLC Increases Stock Holdings in The Walt Disney Company (NYSE:DIS)

Adero Partners LLC boosted its stake in The Walt Disney Company (NYSE:DIS) by 12.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,095 shares of the entertainment giant’s stock after acquiring an additional 229 shares during the quarter. Adero Partners LLC’s holdings in Walt Disney were worth $207,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Trek Financial LLC increased its stake in Walt Disney by 479.9% during the 4th quarter. Trek Financial LLC now owns 36,320 shares of the entertainment giant’s stock worth $4,044,000 after buying an additional 30,057 shares during the period. Greystone Financial Group LLC increased its position in shares of Walt Disney by 13.3% during the fourth quarter. Greystone Financial Group LLC now owns 85,187 shares of the entertainment giant’s stock worth $9,486,000 after acquiring an additional 9,967 shares during the last quarter. FourThought Financial Partners LLC purchased a new stake in shares of Walt Disney during the fourth quarter worth about $446,000. Rheos Capital Works Inc. lifted its stake in shares of Walt Disney by 164.7% in the first quarter. Rheos Capital Works Inc. now owns 395,400 shares of the entertainment giant’s stock worth $39,026,000 after acquiring an additional 246,000 shares in the last quarter. Finally, Merit Financial Group LLC boosted its holdings in Walt Disney by 47.0% in the first quarter. Merit Financial Group LLC now owns 57,172 shares of the entertainment giant’s stock valued at $5,643,000 after purchasing an additional 18,272 shares during the last quarter. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insider Transactions at Walt Disney

In related news, EVP Brent Woodford sold 1,000 shares of the company’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $110.84, for a total value of $110,840.00. Following the completion of the sale, the executive vice president now owns 46,831 shares of the company’s stock, valued at $5,190,748.04. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on DIS shares. Guggenheim dropped their price objective on Walt Disney from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Morgan Stanley lifted their price target on shares of Walt Disney from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. UBS Group increased their price objective on shares of Walt Disney from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Barclays boosted their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Finally, Rosenblatt Securities increased their price target on shares of Walt Disney from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Six investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $123.96.

Walt Disney Trading Up 1.3%

Walt Disney stock opened at $119.43 on Tuesday. The Walt Disney Company has a 52-week low of $80.10 and a 52-week high of $120.50. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $214.71 billion, a price-to-earnings ratio of 38.90, a PEG ratio of 1.80 and a beta of 1.54. The firm has a 50-day moving average price of $102.33 and a two-hundred day moving average price of $105.78.

Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Wednesday, May 7th. The entertainment giant reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.24. Walt Disney had a return on equity of 9.95% and a net margin of 6.07%. The business had revenue of $23.62 billion during the quarter, compared to the consensus estimate of $23.15 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. Sell-side analysts expect that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Company Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.